Kingfisher raises outlook as sales continue to soar
Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.
The home and DIY giant reported total sales were up 61.9% in constant currency to £3.4bn, while like-for-like sales grew 64.2% in the first quarter to April 30.
Kingfisher said this reflected strong demand across all categories, although against weak comparables due to enforced store closures in the same quarter last year.
On a two-year basis, recorded like-for-like sales were up 22.5%.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.